The Data of Macroeconomics-End of Chapter Problem Place each of the following transactions in the proper category of expenditure used to calculate GDP. Consumption Government Purchases Investment Exports Apple sells a computer lo an accounting lirm in Paris, Illinois Apple sells a computer to Paris Hilton. Apple builds a computer to be sold next year. Apple sells a computer to a hakery in Paris, France. Apple sells a computer to a public school in Paris, Kentucky.

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Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.